Suppose that being an accountant and a musician require similar amounts of skills, education, training, and so forth. If accountants are paid higher wages than musicians:

Question

Quizplus · Accepted Answer

If accountants are paid higher wages than musicians, it would make becoming an accountant a more attractive career option. This would lead to more people pursuing accounting and therefore increase the supply of accountants. On the other hand, the lower wages for musicians would make becoming a musician a less attractive career option, leading to a decrease in the supply of musicians. Therefore, the answer is B.

Suppose That Being an Accountant and a Musician Require Similar